Also, government has recovered tax arrears in the sum on ₦704.8 million just as tax investigation and enforcement activities have led to the recovery of over ₦10.65 billion.
Minister of Information, Mr. Labaran Maku, who disclosed this Tuesday while briefing journalists in Abuja, noted that about 153,019 Federal Government workers are on IPPIS as of January 2013 while efforts are ongoing to bring in other 321 MDAs not yet on IPPIS. He added that the government has put in place a system, which enables it to monitor the movement of funds in all MDAs.
The minister observed that the present economic policy of government has placed Nigeria on a sustainable path of development, stressing that Nigeria in 2012 received the highest Foreign Direct Investment in Africa to the tune of $7 billion.
According to him, inflation dropped to 8 per cent in September 2013 from 12.4 per cent in May 2011, External Reserve increased from $32.08 billion in May 2011 to $48.4 billion as of May 2013 while the Excess Crude Account rose from about $4 billion in May 2011 to about $6 billion in May 2013.
Maku pointed out that about $1 billion from the Sovereign Wealth Fund (SWF) has been earmarked for investment in the three areas of Stability Fund, Infrastructure Fund and Future Generation Fund.
The minister said that the proposed national conference has nothing to do with the 2015 elections.
According to him, President Goodluck Jonathan is a performing President and therefore has nothing to fear about 2015 if the election is going to be based on performance.
Answering questions from journalists in Abuja, Maku said that the proposed dialogue is not meant to disintegrate the country but provide an opportunity for all ethnic nationalities to look at all aspects of our relationship in order to find out areas that have worked and areas that need to be improved upon.
- Guardian
loading...
Post A Comment:
0 comments:
We’re eager to see your comment. However, Please keep in mind that all comments are moderated according to our Comment Policy and all the links are nofollow. Using keywords in the name field area is forbidden.
Comment Using Either Disqus or Default Comment Mode.